International Trade Minister Greg Hands MP has quit position over plans for the expansion of Heathrow Airport. Hands said he was standing down after it was made clear that Tory MPs would not have a free vote in Monday’s Commons debate. “As the Government will be whipping the vote on Monday, this means I am resigning from the Government,” he wrote on Twitter. Sorry, this content isn't available on your device. The MP for Chelsea and Fulham said he had written to Theresa May explaining that he intended to honour a pledge to his constituents at last year’s general election to vote against a third runway at Heathrow. Mr Hands’s announcement throws the spotlight on to Foreign Secretary Boris Johnson, who has been a long-standing opponent of Heathrow expansion. The vote coincides with a meeting of EU foreign ministers which could provide an excuse for him to stay away, although it is not known whether he will be at the gathering in Luxembourg. Officials said … [Read more...] about Greg Hands quits position as International Trade Minister over Heathrow expansion
International trade secretary Liam Fox will tonight urge China to "play its part" in ending the tariffs dispute with the US by opening its markets and improving standards. The Cabinet minister, who has in the past criticised Donald Trump for his "absurd" decision to impose steel tariffs on the UK - distinct from those imposed on Beijing, will tell Chinese businessmen and women that the world should avoid such barriers, or put at risk "jobs, growth and prosperity.” Speaking at the Centre for Policy Studies' UK-China conference, Fox will call on the World Trade Organisation to "operate more effectively in supporting the global economy, tackling issues of market entry, ownership restrictions, transparency of ownership, overcapacity and intellectual property issues – especially forced technology transfer – through multilateral cooperation, using where necessary, the legal sanctions available". But he will also note that “China must play its part, opening its … [Read more...] about International trade secretary Liam Fox urges China to “play its part” in ending tariffs dispute
LIAM Fox’s trade department was compared to a dentist trying to fly a plane in a damning verdict on its Brexit preparations. Experts from the UK’s crucial maritime sector ruled that the Department for International Trade is in a worse state now than when it was set up nearly two years ago. In a withering assessment, they accused Mr Fox’s team of “seriously failing to acknowledge the gravity of the post-Brexit challenge” to the maritime industry, which moves 95 per cent of Britain’s international trade. Maritime UK, a body that represents nearly a million jobs in the UK, said DIT had too few industry experts, a “chronic” lack of experience and a lack of specialisation as important individuals are spread too thinly across multiple roles. Despite contributing £40billion to the UK economy, DIT has just one full-time member of frontline staff overseeing preparations for the industry. In contrast, the creative sector has 15 supporting … [Read more...] about Liam Fox’s International Trade Department slammed for poor Brexit preparations by UK maritime sector
By Dan O’Donoghue, Press Association Political Staff Mr Gardiner urged the Government to “strongly respond” after US President Donald Trump signed off on a 25% levy on imported steel. Mr Trump had originally imposed the tariffs in March, saying a reliance on imported metals threatened national security. But he exempted Canada, Mexico and the European Union to buy time for negotiations – a reprieve that expired at midnight on Thursday. The administration’s actions drew fire from Europe, Canada and Mexico and promises to quickly retaliate against US exports. Mr Gardiner, speaking to Radio 4’s Today programme, said: “The president has said that he believes he could win a trade war, we think that a trade war is in nobody’s interests.” He added: “We believe in a rules-based system, a multilateral system, President Trump doesn’t and we must understand that. He wants to break up that system. “We have to respond strongly … [Read more...] about Britain must “act decisively” to show it will not be “cowed or bullied” by US tariffs on steel, Labour’s shadow international trade secretary Barry Gardiner has said.
Wisbech Garden Town is one of 68 national projects being promoted by the Government for attracting international investment.Dr Liam Fox, International Trade Secretary, launched a new drive to attract around £30 billion of overseas investment into the UK - £2.5 billion of that would be for the Wisbech project.Speaking at a Board of Trade meeting in Scotland Dr Fox said: "This is a bold and ambitious programme, building on the UK’s position as the leading destination for foreign investment in Europe through the government’s modern Industrial Strategy, helping to build a Britain fit for the future."The High Potential Opportunities scheme will deliver growth where it is most needed, ensuring that the benefits of global investment are felt in every part of the country."And with more than £30 billion worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors to the UK."Wisbech Garden Town … [Read more...] about International Trade Secretary Dr Liam Fox names Wisbech Garden Town as one of 68 projects seeking overseas cash